Effective from Apr 19 2013 - Apr 18 2013 To view other versions open the versions tab on the right
1.
SAMA may establish standards for finance lease contracts that ensure the integrity of the finance system, fairness of transactions, and achieve the objectives of the Law and its Regulations.
2.
SAMA may adopt standard finance lease contracts that take into account the rights of the related parties.
3.
To ensure fairness of the conditions of the Finance Lease products intended for individuals or beneficiaries of microfinance, the Lessor, prior to launching these products, shall obtain a non-objection letter from SAMA.
